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Oct. 7, 2021, 7:19 a.m. EDT

Tilray posts larger-than-expected loss

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By Steve Gelsi

TLRY

Tilray Inc. /zigman2/quotes/209129655/composite TLRY -6.18% said Thursday its first quarter net loss widened to $34.6 million or 8 cents a share, from a loss of $21.7 million, or 9 cents a share in the year-ago period. The cannabis company said sales increased to $168 million from $117.5 million. Tilray was expected to report a loss of 6 cents a share on sales of $172.6 million, according to an analyst survey by FactSet. Tilray said it's on track with at least $80 million cost savings from its merger deal with Aphria. Shares of Tilray rose 2.3% in pre-market trades on Thursday. Tilray shares are up 30.6% this year, compared to a rise of 12.5% for the Nasdaq.

/zigman2/quotes/209129655/composite
US : U.S.: Nasdaq
$ 8.95
-0.59 -6.18%
Volume: 26.00M
Dec. 3, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.15 billion
Rev. per Employee
$244,326
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